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Sagot :
Answer:
Since for each household there are only two possible outcomes, the a household owning stock is independent of any other household and there is a fixed number of trials, this experiment is a binomial experiment.
Step-by-step explanation:
We have to take into consideration three things:
For each household, there are only two possible outcomes, either they own stocks, or they do not.
The probability of a household owning stock is independent of any other household, that is, for any household, the probability of someone owning stocks is 28%.
There is a fixed number of trials.
Is this experiment a binomial experiment?
Since for each household there are only two possible outcomes, the a household owning stock is independent of any other household and there is a fixed number of trials, this experiment is a binomial experiment.
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